It was no surprise to see some profit taking with the SPP. Daily chart is getting oversold again and 2 gaps above now.......8.7c and 9.6c. I can see the gap at 8.7c closing some time in the next few days as volume is falling off. It might take some further good news to close the gap at 9.6c, but it's not out of the question.
50MA, 200MA and 50VWMA all above current price but below 9.6c gap (except 200MA) which is why I think the gap at 9.6c won't close anytime soon. Everyone who wanted to take profit from the SPP is most likely out. I doubt there would be many selling this close to the SPP price.
Hourly chart
After the initial drop with huge volume, volume has dropped off and looks to be on the increase. All faster moving MA's (5, 8, 13) are around the gap at 8.6c so that will provide a bit of resistance in the short term. Indicators looking like a rebound is possible in the next few trading days.
It was no surprise to see some profit taking with the SPP. Daily...
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Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $135.9M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.1¢ | 2.0¢ | $23.51K | 1.165M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 2887541 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 3960532 | 19 |
View Market Depth
| Last trade - 12.07pm 25/11/2024 (20 minute delay) ? |
| NTU (ASX) Chart |
